Bitcoin, fraud and payment processing

Marc Andreessen, web revolutionary and venture capitalist, wrote an essay for the New York Times called Why Bitcoin Matters . Glenn Fleishman, however, thinks he misunderstands and misrepresents key aspects of the payment system and its nature. Andreessen's right up to a point, Fleishmann writes, but flubs when it comes to fraudulent transactions, anonymity, and Bitcoin's potential as a currency replacement.